1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AveGali [126]
1 year ago
12

A number of separate but interdependent budgets that formally lay out the company's sales, production, and financial goals and t

hat culminates in a cash budget, budgeted income statement, and budgeted balance sheet.
Business
1 answer:
Lapatulllka [165]1 year ago
6 0

A number of separate but interdependent budgets that formally lay out the company's sales, production, and financial goals and that culminates in a cash budget, budgeted income statement, and budgeted balance sheet is master budget.

The lower-level budgets, cash flow projections, budgeted financial statements, and financial plans of an organisation are all included in the master budget, which is a thorough financial planning document. It is often created by a company's budget committee under the direction of the budget director.

To know more about Master Budget here

brainly.com/question/28217954

#SPJ4

You might be interested in
On september 12, vander company sold merchandise in the amount of $7,600 to jepson company, with credit terms of 2/10, n/30. the
densk [106]

If Vander Company uses the periodic inventory system and the gross method of accounting for sales, the <u>journal entry</u> on September 12 is as follows:

<h3>Journal Entry:</h3>

September 12:

Debit Accounts Receivable $7,600

Credit Sales Revenue $7,600

  • To record the sale of goods with credit terms of 2/10, n/30.

<h3>What is a periodic inventory system?</h3>

A periodic inventory system does not record the cost of goods sold or maintain an inventory account for inventory transactions until the end of the period.

Under the periodic inventory system, the cost of goods sold is determined in the income statement as the beginning inventory + purchases - ending inventory.

Thus, there are no accounts for the cost of goods sold and inventory because inventory purchased is recorded in the purchases account instead of the inventory account.

<h3>Transaction Analysis:</h3>

Accounts Receivable $7,600 Sales Revenue $7,600

Terms 2/10, n/30.

Thus, if Vander Company uses the periodic inventory system and the gross method of accounting for sales, the <u>journal entry</u> is a <u>debit</u> to the Accounts Receivable account and a <u>credit</u> to the Sales Revenue account for the credit sales only.

Learn more about recording sales transactions at brainly.com/question/25347238

8 0
2 years ago
Marion is making trail mix for a group camping trip. She buys 3 pounds of granola for $3 per pound, and 0. 75 pounds of raisins
s2008m [1.1K]

From the computation, the price of the trail mix will be $10.50.

From the information given, we're informed that Marion buys 3 pounds of granola for $3 per pound, the cost of the granola will be:

= $3 × 3 = $9.

She also buys and 0.75 pounds of raisins for $2 per pound, therefore, the cost of the raisin will be:

= 0.75 × $2 = $1.50

Therefore, the price of the trail mix will be:

= $9 + $1.50

= $10.50

Learn more about price on:

brainly.com/question/25822809

6 0
2 years ago
What is the interest rate charged per period multiplied by the number of periods per year called?a. effective annual rateb. annu
ICE Princess25 [194]

Answer:

The correct answer is letter "B": annual percentage rate.

Explanation:

The Annual Percentage Rate or APR is the cost per year of borrowing. By law, all financial institutions must show customers the APR of a loan or credit card, which clearly indicates the real cost of the loan. It is not the same as the Interest Rate on a loan. Loans charge interest rates but usually charge other fees such as closing costs, origination fees, and insurance costs.

8 0
3 years ago
When there is a high inventory turnover, there is an increase in sales because: a) more money is available to buy new merchandis
german

Answer:

The answer is C.

Explanation:

Inventory turnover is a measure of the number of times inventories are sold during a period of time usually a year.

To calculate inventory turnover:

Cost of goods sold ÷ average inventory

High inventory turnover means that the company's product is in high demand and when the product is in high demand, it means there is an increase in sales.

An increase is demand means new inventory or merchandise are continually available and continually bought.

7 0
4 years ago
Read 2 more answers
Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales $49,000C
Slav-nsk [51]

Answer:

Since the answer requires construction of a proforma income statement, please refer to the explanation section for the answer

Explanation:

The proforma invoice has been provided below. Sales have been increased by 18%. The question states that costs vary with sales therefore, the costs are kept at the same percentage of sales in the proforma. Costs as a percentage of sales in the question come out to 82%. Taxable income is Sales less Costs. Taxes are 22% of taxable income. Dividend payout ration is calculated by dividends paid divided by total income available to shareholders. Total income available to shareholders includes Net Income PLUS non cash charges (depreciation) MINUS Non Cash Sales. With the information given in the question, it is assumed that non cash charges and non cash sales are zero so the only income available to shareholders is the net income. Dividend payout in the question comes out to 35%.

Sales 57,820.00  

Costs   47,554.00                    

Taxable Income   10,266.00  

Taxes   2,258.52  

Net Income   8,007.48  

Dividend = Dividend payout ratio x Net Income: 0.35 x 8,007.48

So, Dividends =  2,832.00  

Addition in Retained earnings = Net Income - Dividend = 8,007.48 - 2,832

So, Addition in Retained earnings =  5,175.48  

5 0
3 years ago
Other questions:
  • The Titan retires a $24.6 million bond issue when the carrying value of the bonds is $21.4 million, but the market value of the
    5·1 answer
  • Claude creates and signs a promissory note. he promises to pay audrey 1,000 euros plus $500-worth of custom-made shirts on octob
    11·1 answer
  • To ensure that as many individuals as possible use helmets, the government recently decided to subsidize the production of helme
    8·1 answer
  • A company is doing business with a German entity and, as a result, has entered into a forward exchange contract on December 18,
    5·1 answer
  • Mickey is a 12-year-old dialysis patient. Three times a week for the entire year he and his mother, Sue, drive 20 miles one way
    15·1 answer
  • You have $12,000 to invest and would like to create a portfolio with an expected return of 9.75 percent. You can invest in Stock
    11·1 answer
  • Aardvark Enterprises has agreed to be acquired by Lawson Products in exchange for $23,000 worth of Lawson Products stock. Lawson
    10·1 answer
  • General cultural factors driving global business are
    8·1 answer
  • In the scenario from question 1, no product was lost or consumed so the net balance remained the same. Why would an organization
    5·1 answer
  • [The following information applies to the questions displayed below.]
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!